#nclt
NCLAT sets aside NCLT order directing Home Derivatives liquidation
NCLAT sets aside the NCLT order on Home Derivatives, ruling that amended liquidation regulations could not retrospectively apply to proceedings begun earlier.
HDFC Bank, LIC Housing Finance to contest Zee resolution
HDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payment from Subhash Chandra as guarantor. Several lenders had opposed this repayment plan, which was approved by the major…
Separate framework needed for small-ticket insolvency cases before NCLT: ICRA
The recommendation comes as nearly 78 per cent of ongoing corporate insolvency resolution process (CIRP) cases have exceeded the prescribed 270-day timeline
Adani Ports to acquire Jaypee Fertilizers for ₹1,500 crore through insolvency
Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for ₹1,500 crore, as part of the NCLT-approved resolution plan for JAL.
NCLAT says NCLT cannot directly order SFIO Probe; refers matter to Centre
The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) could not directly order an investigation by the Serious Fraud Investigation Office (SFIO) and clarified that such power rests with the Central Governme…
Insolvency resolution drops to 13-quarter low
India Business News: NEW DELHI: Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases being resolved by the National Company Law Tribunal (NCLT) during .